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“As we grow and expand Circle’s presence across Europe, our Irish operations will become a strategic anchor which will continue to expand,” Neville explained.

“We plan to double the size of the Dublin office and add engineering roles, as well as operational roles such as customer support, risk, and compliance.

“Circle launched its US dollar product in November 2015, and followed with pound and euro currencies in 2016 – in the UK in April, and in Spain and Ireland in October.

“Circle has millions of customers globally and, after less than a year since our European launch, we are very happy to see hundreds of thousands of European customers embrace new social payment behaviours and Circle’s vision of making money work the way the internet does,” Neville said.

The digital disruptor has seen a 300pc quarter-on-quarter growth over the past year following its international expansion into Ireland, Spain, the UK, US and China. This was facilitated by a $136m investment from Facebook’s investor Jim Breyer and Goldman Sachs, among others.

Circle is on track to $1bn transferred via the app over 12 months.

The company’s expansion was welcomed by Jobs Minister Mary Mitchell O’Connor, TD. “Having the skills and infrastructure for a cutting edge company like Circle is helping us to move up the value chain in financial technologies.”

Editor John Kennedy is an award-winning technology journalist. He joined Silicon Republic in 2002 to become the fulcrum of the company’s news service
He was recipient of the Irish Internet Association’s NetVisionary Technology Journalist Award 2005 and Siliconrepublic.com has been awarded ‘Best Technology Site’ at the Irish Web Awards seven times. In 2011 he received the David Manley Award commending him for his dedication to covering entrepreneurs.
His interests include all things technological, music, movies, reading, history, gaming and losing the occasional game of poker.